Marketo fundamentals positive, says JMP Securities After Marketo's stock sank 16% over the past five days, JMP Securities notes that investors have had concerns about lock-up expirations and insider selling. The firm thinks that the stock could be pressured by venture selling and distributions in the near-term, but it remains upbeat on the company's fundamentals. It keeps an Outperform rating on the shares.
Marketo pullback yesterday a buying opportunity, says JMP Securities JMP Securities recommends using yesterday's 8% pullback in shares of Marketo as a buying opportunity. The firm raised its Q3 billings estimate to $39M from $38.2M and believes the tone of the business is strong. It keep an Outperform rating on the stock with a $50 price target.